They have an understanding now and Whyalla aside it would be all good, keeping in mind if Whyalla were losing $100m annualised up until administration then the $300m of supposed cost savings identified by the Board and implemented see a return into the black. The $300m was identified prior to steel prices rising, tariffs increased, 10% wage cuts and Government bringing forward rail orders of around 60,000 tons.
ARI Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held